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  Bank of China Checking Account

Bank of China Checking Account

in Checking Accounts from Bank of China · Member fdic

Unaffiliated

Bank of China Checking Account

Unaffiliated

in Checking Accounts from Bank of China · Member FDIC

Net Recommendation Score 0

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of 0, equating to 3 on a 5 point rating scale.

0

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating

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Monthly Fee $0 - $20
ATM Fee: Out-of-Network $0
Minimum Balance to Avoid Monthly Fee $1,000
APY (Annual Percentage Yield) 0.05% - 0.30%

Bank of China Checking Account Review

Bank of China Checking Account is offered by Bank of China, a bank founded in 1912 and based in New York, NY. Bank of China Checking Account is available in 50 states (and Washington, DC).

Key Takeaways
  • Higher than average APY. Bank of China Checking Account has an annual percentage yield of up to .30%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $500.
  • Charges a monthly fee. This account charges a monthly service fee of up to $20, but the fee is waived if you keep a minimum balance of $1,000.
  • $500 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
  • Hard credit pull. Bank of China may require a hard pull on your credit report to open a checking account.
Bank of China checking account Pros & Cons
Pros Cons
  • Available in all 50 states.
  • Interest-yielding account.
  • Free debit card
  • No signup bonus.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Not FDIC-insured.
  • Higher than average wire transfer fees.
  • Monthly service charge.
Bank of China checking account FAQ

Are checking accounts from Bank of China federally insured?

Yes, your Bank of China checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Bank of China checking account offer?

Bank of China checking account offers an APY starting at 0.05% and ranging up to .30% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep an average beginning day balance of at least $500.

Bank of China checking account Rates and Terms
Rates Amount
APY (Annual Percentage Yield) 0.05% - .30%

What are the account minimums for Bank of China checking account?

Bank of China checking account requires a minimum initial deposit of $500 to open an account.

Bank of China checking account Account Minimums
Description Amount
Minimum Opening Deposit $500
APY Minimum Balance $500
Minimum Balance to Avoid Monthly Service Fee $1,000

What fees does Bank of China checking account charge?

This account charges a monthly service fee of up to $20.

Bank of China Checking Account Fees
Description
ATM Fee: In-Network $0
Check Copy $7
Debit Card Replacement Fee $50
Early Account Closure $30
Foreign Transaction Fee (Debit Card) 1.75%
Monthly Fee $0 - $20
NSF Fee $20
Online Bill Pay Fee $20
Overdraft Item Fee $15
Overdraft Protection Fee (per transfer) $15
Paper Statement Fee $7
Returned Deposit Fee (Domestic) $10
Returned Deposit Fee (International) $10
Stop Payment Fee $20
Wire Transfer Fee - Domestic (Incoming) $25
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Incoming) $30
Wire Transfer Fee - International (Outgoing) $30
ATM Fee: Out-of-Network $0

Does Bank of China checking account charge overdraft fees?

Yes, Bank of China checking account charges a $15 fee for every overdraft fee.

Bank of China checking account offers overdraft protection at a cost of $15 per transaction.

What features and perks does Bank of China checking account offer?

This account includes the following features:

  • Mobile Banking Services - Bank of China checking account allows you to manage your money online or with a mobile app.

How do people rate the customer service and user experience of Bank of China checking account?

Overall, Bank of China checking account is mostly recommended based on community reviews that rate customer service and user experience.

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Contact

  • Headquarters
  •   410 Madison Avenue
    New York, NY 10017 USA
  •   Visit Site

Other Services by Bank of China

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

APY Minimum Balance $500
Minimum Opening Deposit Starting at $500
Minimum Balance to Avoid Monthly Fee $1,000
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $0
Check Copy $7
Debit Card Replacement Fee $50
Early Account Closure $30
Foreign Transaction Fee (Debit Card) 1.75%
Monthly Fee $0 - $20
NSF Fee $20
Online Bill Pay Fee $20
Overdraft Item Fee $15
Overdraft Protection Fee (per transfer) $15
Paper Statement Fee $7
Returned Deposit Fee (Domestic) $10
Returned Deposit Fee (International) $10
Stop Payment Fee $20
Wire Transfer Fee - Domestic (Incoming) $25
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Incoming) $30
Wire Transfer Fee - International (Outgoing) $30
Bank Account Features
  • Debit Card
  • Mobile Banking
APY (Annual Percentage Yield) 0.05% - 0.30%

Bank of China Checking Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of 0, equating to 3 on a 5 point rating scale.

0

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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